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JW and RT's,
Looking at the rally in VIAS beginning in March of '97, I have identified
the largest symmetrical wave structure that has taken place. Simply, Wave
1-2 measures approx. 9 points and took place in April. Wave 3-4
symmetrically match Wave 1-2 and took place in May. From that wave 4 low,
VIAS rallied $15 or 38%. If this wave structure again repeats itself, look
for an approx decline of $9 +/- $1.80 as your next support zone. Based on
the end of May high of 55.375, I would look for symmetrical support around
the $46 level. This level also corresponds with the 200 day ma. If this
stock breaks below $44.375 then this wave structure will be broken and I
would look for good support at the $40 level.
Hope this helps,
John Boggio
At 11:29 AM 7/8/97 -0700, JW wrote:
>Here's an EOD chart I put together on VIAS. It broke through the descending
>triangle a few days back and is trying to rally back in now. But I suspect
>that it will go down further in the next 2-3 weeks. Any opinions?
>
>JW
>abprosys@xxxxxxx
>Attachment Converted: "c:\eudora\attach\VS 3.gif"
>
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